Nov 16, 2012 7:00am EST
-- you can thank ronald reagan and margaret thatcher for doing it. host: this morning, jodie writes in on twitter, the b.p. disaster was made by bip it. there were safety regulars that were ignored. they know what they were doing before it blew up. we'll go to chad now from farmington, new mexico on the republican line. chad, thanks for calling. caller: yeah, thanks for having me. love what you guys have going on. sorry to say but i am a republican. i just had a question, since they already gave you the projected numbers for what they plan on spending everything on, does that show that they just don't plan on giving anybody, any people that were actually affected any money at all? host: what do you mean by that? caller: like, since they already gave the projected numbers of how much money they're spending on each individual group that they gave money to, do they plan on those groups giving the money to the people that actually were affected by it? host: i'll point you back to the "new york times" graphic on this. b.p. has set aside $42 billion to cover the cost related to the spill.
Nov 16, 2012 2:00pm EST
, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of exploding spending and the debt, he restrained the growth of spending and instead of unleashing the hounds of regulators, by the way, when i think of regulators, i can't help thinking of mr. burns saying "release the hounds!" [laughter] >> instead of releasing the hounds of regulators on small businesses and entrepreneurs, reagan limited regulation and the result was one of the most extraordinary bursts of economic productivity our nation has ever seen. the fourth year of reagan's presidency was 1984, the same as the fourth year of obama's presidency. anyone know what g.d.p. growth was in 1984, 7.2%. our ideas work. their ideas don't. if you want growth, if you want jobs. if you want the 23 million people struggling to find work to get jobs, the answer is simple. you need growth and to get growth, you got to reduce and simplify the tax bu